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one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax in 2013. rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last year. we'll be talking about the future of apple and the outlook for its stock a little later this morning with jonathan geller of the boy genius report. >> good old bump on the road on the way to a trillion dollar market cap. got to 600 pretty easily. and now it's back at 500. above 600 i guess. tough to get to a trillion dollar market cap. cisco got to 600 billion once, too. it's at 100 billion. apple still at 500. we talked about are they going to come out with the chartreuse slightly smaller mini ipad. and that's going to be the -- a lot of people waiting in line for that one. >> i do have to say, i'm in the market for a mini ipad. >> not for the max ipad? >> no, i want something smaller to carry around,
on the fiscal cliff. today's politico's morning money reports the bank's employees have sent more than 15,000 letters to congress in the past into days. all 100 senators received letters from morgan employees and 398 of 436 house members received letters. >> andrew is not out because of rutgers. >> i think he's at home crying for me. no. he's on vacation. >> the latest fund flow data shows investors did in fact pour money into stock etfs amid the optimism that we had for a while about the fiscal cliff. stock etfs raked in about 7.7 billion in new investor cash in the weeks that ended wednesday. that's the most money since the week that the fed announced it's extended stimulus plan. meantime bond mutual funds and etfs combined attracted 1.8 billion in cash and that's the most in three weeks and more than double the previous week's in-flows. two economic reports of note today at 8:30 eastern, personal income and spending polled economists are looking for income to rise by 0.2%. while spending increases by 0.8%. also on the calendar today, but after the show, so never mind -- no. november ch
talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at some point, the preside
republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign on to his plan to increase taxes for those making $250,000 or mor
for leadership on this issue. 21 days until christmas. 27 days until cliffmas. that's the fiscal cliff, december 31. people are counting down. two-thirds of americans are watching this debate on capitol hill because it affects every single family, every individual. and you think to yourself, could congress possibly step back and let taxes go up on working families? what are we thinking? we know what they're dealing with. many of working families across america struggle paycheck to paycheck. the pew institute did a study last year and asked working families how many could come up with $2,000 in 30 days for an emergency expenditure. it's easy to imagine one. a car repair, a quick trip to the hospital emergency room, $2,000. only half of working families could come up with $2,000 in 30 days. that shows how close to the edge many people live. so now we have before us the possibility that these very same families struggling with these issues are in fact, are in fact going to see their taxes go up december 31. there's one person who will decide that: speaker john boehner, the republican speaker of the
Search Results 0 to 4 of about 5